Brits are feeling more positive about their personal finances

Last post: Feb 9, 2018

An extensive survey by VoucherCodes has revealed that British consumers are feeling increasingly optimistic about their personal finances. But is trouble on the horizon?

Did
you start 2018 feeling pretty good about your financial situation? If
that's the case, you're not alone. An extensive survey of over
2000 participants conducted by VoucherCodes has revealed that UK
consumers are feeling increasingly optimistic about their personal
finances, despite the uncertainly surrounding Brexit and widespread,
global financial turmoil.

According
to the fresh study, 75% of participants claimed they were feeling
positive about the year ahead from a financial perspective. This
confidence was often linked to an expected improvement in pay and a
rise in disposable income. While participants stated they had an
average disposable income of £349 per month in 2017, in 2018 they
estimate a rise to £360.

So
where will this disposable income be headed this year? The number of
Brits planning to spend on holidays this year has risen, but besides
getaways, most of the poll's participants seem increasingly
dedicated to sensible spending. 16% were planning to undertake
household renovations and 14% were expecting to work towards freeing
themselves of debt.

When
it comes to cut backs, the UK seems to be in a money-savvy frame of
mind. Many claimed to be cutting back on unnecessary expenses such as
takeaways, expensive groceries and on visiting bars and clubs.

Are
you feeling financially optimistic this year? Whatever highs and lows
you experience this year, our finance experts can help you source
loans to cover emergency expenses, if the worst happens. Contact
our team to find a solution that fits your financial position
today.

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